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 A modern Kinney Drugs store in Shelburne, Vermont, 2024 | |
| Industry | Retail |
|---|---|
| Founded | 1903 in Gouverneur, New York, U.S. |
| Founder | Burt Orrin Kinney [1] |
| Headquarters | |
Area served | New York and Vermont, USA |
Key people | John Marraffa Jr. (President) |
| Products | |
| Parent | KPH Healthcare Services |
| Website | kinneydrugs |
Kinney Drugs is an American chain of approximately 100 drugstores throughout central and northern New York and Vermont. [2] The chain specializes in providing services to small communities. [3]
The company was founded in 1903 by Burt Orrin Kinney, a native of Gouverneur, New York. The first drugstore was opened in Gouverneur and is currently in operation. [4] In 1962, a distribution center was opened.
In 2008, Kinney Drugs became owned by its employees. [5] The company held a stock buyback for the 60 percent of the 2.84 million shares of company stock which were held by people who did not work for the company. [5] The reorganization had the company paying $90 per share to buy back stock at an estimated cost of $140 million. [5]
In 2002 the company created the Kinney Drugs Foundation which makes awards to local and national charities. [6]
Kinney Drugs operates primarily throughout the metropolitan areas of Syracuse, Watertown, and Plattsburgh. About 20% of the company's stores are in Vermont and they opened their first drugstore in Saint Albans in the mid-1900s. [2] Many locations have freestanding stores with drive-thru pharmacies. The pharmacy also offers free delivery. [7]
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